Nordic Energy Storage ApS — Credit Rating and Financial Key Figures

Nordic Energy Storage ApS (CVR number: 43873784) is a company from VEJLE. The company recorded a gross profit of -13.4 kDKK in 2023. The operating profit was -13.4 kDKK, while net earnings were -11 kDKK. The profitability of the company measured by Return on Assets (ROA) was -9.4 %, which can be considered poor and Return on Equity (ROE) was -35.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 22.6 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Nordic Energy Storage ApS's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.